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Old 04-23-2007, 09:40 AM  
Donger Donger is offline
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Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

Spoiler!

Last edited by Donger; 10-10-2014 at 02:43 PM..
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Old 04-26-2007, 09:44 AM   #61
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Quote:
Originally Posted by oldandslow
Futures markets went up about 7 cents/gallon yesterday. Based on the persistent falling trend gasoline inventories, my expectation now is that most of the US and Canada will be seeing record retail prices this summer.


Even optimists have now turned pessimistic:


Quote:
Large Draw in Gasoline Stocks
Boosts Crude Futures Higher
By MASOOD FARIVAR
April 25, 2007 4:33 p.m.

ConocoPhillips CEO Jim Mulva said he was concerned about the refining industry's ability to meet summer gasoline demand.

"We really have to run well," Mr. Mulva said during a first-quarter earnings conference call. "If you look at the supply-demand situation -- and hopefully we don't have weather-related issues -- the concern we have is whether we're going to be able to run and provide the supply we need during the summertime period."

Mr. Flynn of Alaron called the statement "a huge admission by a major refiner."

"This is something an analyst can say but when it comes from the CEO of Conoco, it makes you wonder how desperate the situation is becoming," he said.



WSJ
Gee, who would have thought that not building any new refineries in the last 30 years while tripling demand would lead to potential crisis?
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Old 04-26-2007, 09:59 AM   #62
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Quote:
Originally Posted by Donger
Gee, who would have thought that not building any new refineries in the last 30 years while tripling demand would lead to potential crisis?
Yep...

although you know my theory on the matter. No new refineries due to crude peak. Why build new refineries if the supply is going to stagnate?

I suspect 4-5 dollar gas will help with the demand side tho.
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Old 04-26-2007, 10:05 AM   #63
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Smoke up your arse...wonder what the military pays for their gas...wonder how much fuel they comsume daily...wonder if its anywhere near all the rest of us put together...hummm..........
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Old 04-26-2007, 11:49 AM   #64
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Quote:
Originally Posted by Donger
If gasoline reaches $4.00, the government would almost certainly hit the SPR and eliminate the federal tax. States probably would as well.
My wife and I just returned from Italy last night. Gas is over $7 a gallon there and it's the same much across the rest of Europe. $4 is high but at least it's not $7 (yet).
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Old 04-26-2007, 11:59 AM   #65
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Quote:
Originally Posted by DaneMcCloud
My wife and I just returned from Italy last night. Gas is over $7 a gallon there and it's the same much across the rest of Europe. $4 is high but at least it's not $7 (yet).
Most of that is taxes, BTW.
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Old 04-26-2007, 12:06 PM   #66
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Quote:
Originally Posted by Donger
Most of that is taxes, BTW.
I figured but I didn't stop for gas. Do they provide the breakdown on their pumps like they do here (or at least in CA?). The people we spoke to were jealous of the prices we pay here but they do drive much, much smaller vehicles. The Smart Cars were absolutely everywhere!
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Old 04-26-2007, 02:19 PM   #67
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Quote:
Originally Posted by DaneMcCloud
I figured but I didn't stop for gas. Do they provide the breakdown on their pumps like they do here (or at least in CA?). The people we spoke to were jealous of the prices we pay here but they do drive much, much smaller vehicles. The Smart Cars were absolutely everywhere!
I don't know if they do the breakdown. But, IIRC, the European tax average is something like 65% of the price.
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Old 04-26-2007, 04:01 PM   #68
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It just shows you how free we actually are... If something is happening that we dont like, this country is set up to where we can't do a damned thing about it, so we have to take it up the ass for the government constantly. Personally, I think this country and government is totally ****ed up, and we're headed for some bad times within the next 10-20 years or so.
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Old 04-26-2007, 04:03 PM   #69
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Quote:
Originally Posted by boogblaster
Smoke up your arse...wonder what the military pays for their gas...wonder how much fuel they comsume daily...wonder if its anywhere near all the rest of us put together...hummm..........
I bet you anything that it is nowhere near as much as Americans consume. Gawd us Americans are ****ing up this planet...
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Old 04-26-2007, 04:03 PM   #70
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Quote:
Originally Posted by Jayhawkerman2001
It just shows you how free we actually are... If something is happening that we dont like, this country is set up to where we can't do a damned thing about it, so we have to take it up the ass for the government constantly. Personally, I think this country and government is totally ****ed up, and we're headed for some bad times within the next 10-20 years or so.
The government? What do you think the government is doing with regards to gasoline prices?
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Old 04-26-2007, 04:06 PM   #71
Jayhawkerman2001 Jayhawkerman2001 is offline
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Quote:
Originally Posted by Donger
The government? What do you think the government is doing with regards to gasoline prices?
I wasn't blaming them for the gas prices. Just in general our government is ****ed up.
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Old 04-26-2007, 04:06 PM   #72
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Quote:
Originally Posted by Jayhawkerman2001
I wasn't blaming them for the gas prices. Just in general our government is ****ed up.
Oh. Just a randomly placed rant?
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Old 04-26-2007, 04:13 PM   #73
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Quote:
Originally Posted by Donger
National retail average for regular unleaded, not spot pricing.
I pay for the spot pricing, not the national average, that's what I see with my two eyes.
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Old 04-26-2007, 04:24 PM   #74
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Originally Posted by chasedude
I pay for the spot pricing, not the national average, that's what I see with my two eyes.
I understand that. I do the same of course. I just paid $3.19 for 91 octane, which is the highest octane one can get here.

But, when people talk about $4.00 gasoline, they are referring to the average, not spot pricing.
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Old 04-26-2007, 04:26 PM   #75
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Quote:
Originally Posted by Donger
I understand that. I do the same of course. I just paid $3.19 for 91 octane, which is the highest octane one can get here.

But, when people talk about $4.00 gasoline, they are referring to the average, not spot pricing.
Do you have a high performance vehicle that requires the high-octane?
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